Gear Energy Correlations

GENGF Stock

USD 0.38 0.01 2.56%

The current 90-days correlation between Gear Energy and Canacol Energy is 0.13 (i.e., Average diversification). The correlation of Gear Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Gear Energy Correlation With Market

Modest diversification

The correlation between Gear Energy and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gear Energy and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Gear Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gear Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gear Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gear Energy to buy it.

Moving together with Gear OTC Stock

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0.75	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	PPERY	Bank Mandiri Persero	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Gear OTC Stock

0.86	T	ATT Inc Sell-off Trend	Pair Corr
0.81	PTAIF	PT Astra International	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.69	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.64	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.63	SSNLF	Samsung Electronics	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.48	HD	Home Depot	Pair Corr

Related Correlations Analysis

	TNEYF	MEGEF	CRLFF	SPGYF	VLERF	CWEGF	BIREF	CNNEF	PEYUF	DALXF
TNEYF		0.37	0.03	0.19	0.58	0.46	-0.36	0.09	0.53	-0.38	TNEYF
MEGEF	0.37		0.66	0.64	0.2	0.08	0.53	0.42	0.38	0.16	MEGEF
CRLFF	0.03	0.66		0.16	0.32	-0.25	0.7	0.76	0.2	0.46	CRLFF
SPGYF	0.19	0.64	0.16		-0.19	0.19	0.29	0.09	0.55	-0.07	SPGYF
VLERF	0.58	0.2	0.32	-0.19		0.22	-0.26	0.14	0.26	-0.36	VLERF
CWEGF	0.46	0.08	-0.25	0.19	0.22		-0.64	-0.43	0.39	-0.71	CWEGF
BIREF	-0.36	0.53	0.7	0.29	-0.26	-0.64		0.72	-0.02	0.75	BIREF
CNNEF	0.09	0.42	0.76	0.09	0.14	-0.43	0.72		0.34	0.59	CNNEF
PEYUF	0.53	0.38	0.2	0.55	0.26	0.39	-0.02	0.34		-0.34	PEYUF
DALXF	-0.38	0.16	0.46	-0.07	-0.36	-0.71	0.75	0.59	-0.34		DALXF
	TNEYF	MEGEF	CRLFF	SPGYF	VLERF	CWEGF	BIREF	CNNEF	PEYUF	DALXF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CNNEF	+ 0.76	CRLFF
DALXF	+ 0.75	BIREF
CNNEF	+ 0.72	BIREF
BIREF	+ 0.7	CRLFF
CRLFF	+ 0.66	MEGEF
SPGYF	+ 0.64	MEGEF

High negative correlations

DALXF	- 0.71	CWEGF
BIREF	- 0.64	CWEGF
CNNEF	- 0.43	CWEGF
DALXF	- 0.38	TNEYF
DALXF	- 0.36	VLERF
BIREF	- 0.36	TNEYF

Risk-Adjusted Indicators

There is a big difference between Gear OTC Stock performing well and Gear Energy OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Gear Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TNEYF	1.85	0.06	0.00	0.26	2.32	(1.87)	3.81	(3.42)	10.79
MEGEF	1.82	(0.27)	0.00	(0.56)	0.00	0.00	3.98	(3.96)	8.90
CRLFF	1.08	(0.15)	0.00	(0.56)	0.00	0.00	1.50	(2.34)	5.44
SPGYF	1.44	(0.10)	0.00	(0.52)	0.00	0.00	2.25	(3.43)	8.34
VLERF	2.81	(0.04)	0.00	(0.21)	0.00	0.00	6.23	(5.36)	21.04
CWEGF	2.86	0.91	0.47	0.65	1.30	(3.75)	2.97	(3.31)	79.64
BIREF	1.62	(0.33)	0.00	(0.58)	0.00	0.00	3.52	(3.63)	8.72
CNNEF	2.20	(0.27)	0.00	(0.06)	0.00	0.00	4.69	(4.15)	18.01
PEYUF	1.17	0.17	0.04	4.55	1.11	(1.46)	2.53	(2.23)	7.95
DALXF	2.31	(0.17)	0.00	(2.91)	0.00	0.00	4.36	(6.25)	17.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gear Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Gear Energy Corporate Management

Elected by the shareholders, the Gear Energy's board of directors comprises two types of representatives: Gear Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gear. The board's role is to monitor Gear Energy's management team and ensure that shareholders' interests are well served. Gear Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gear Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jason Kaluski	VP of Operations	Profile
HanBom Hwang	CFO Fin	Profile
Edward LLB	Co Sec	Profile
Ingram PEng	Pres CEO	Profile

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